The Source: Weekly Roundup – October 21st, 2019

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Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!

In this week's edition, we discuss the shifting role of HR, digital transformation in health care, AI bias in HR and much more! Click To Tweet

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5 Myths About Employers’ Role in Financial Wellness

48% of employees are financially stressed, and these employees are more likely to have sleepless nights, not finish daily tasks, and have troubled relationships with colleagues. Employers have the power to positively impact the financial wellness of their employees, but there are some misconceptions that might be preventing employers from viewing this as a priority. Read more from BenefitsPro.

HR Leaders Say Their Jobs Will Be ‘Unrecognizable’ in 10 Years

A recent survey found that most senior HR leaders see their roles changing drastically as HR becomes more of a ‘people’ function and workplaces continue to adopt new technology.

HR and benefits presentation

Many employers are resistant to investing in new technologies and aren’t prioritizing HR when it comes to budget, investment and vision. Read further analysis about the study from HR Dive.

Getting Digital Transformation in Healthcare on the Fast Track

The health care system is ripe with opportunities for digital overhaul, but every year innovators fail to overcome health care’s uniquely complex barriers to their tools’ adoption.

This phenomenon is caused by the lack of financial incentives to implement digital solutions; the high stakes that necessitate a cautious approach; and providers are unwilling to abandon proven workflows or sunk costs to take a chance on a disruptive solution. Read more from Employee Benefit News.

4 Ways to Improve Your Employees’ Leave of Absence Experience…and Attract and Retain More Top Talent

So many companies would love to offer a more generous leave of absence (LOA) policy as a way to both recruit top talent and keep their most valuable employees happy, but they simply can’t afford to. Fortunately, with a few simple tweaks, leave administrators can improve their employees’ LOA experience—and give their company a competitive recruiting and retention advantage—without spending a dime. Learn more on Jellyvision.

employee enrolling in benefits

The Bias Is Real: 5 Experts on AI Bias in HR and How It Can Be Addressed

Alongside the rise of artificial intelligence (AI) in different sectors, questions around the possibility of bias have also increased. An AI engine isn’t armed with the same discerning capability as human decision-makers. As a result, when skewed data is fed into an algorithm, there is a genuine possibility of AI bias. 

For instance, a recent report by the Chartered Insurance Institute (CII) found that there is widespread gender bias in the data sets used to train AI algorithms. And this holds for other industries as well. So how can enterprises address the issue of AI bias in HR and ethically leverage the technology’s immense potential to improve HR systems? Find out on HR Technologist.

Do Workers Really Trust Robots More Than Managers?

There used to be a time in the not-too-distant past when we feared the oncoming hordes of robots in the workplace. That time is no longer. People now have more trust in robots than their managers, according to the second annual AI at Work study conducted by Oracle and research firm Future Workplace.

employee wellness program yoga class

See why 64% of people are more likely to trust a robot over their own manager on HR Executive.

This Week at PlanSource: Guarding the Future

Receiving a cancer diagnosis is a hard reality to face and is usually followed by a million hard questions — especially regarding the financial aspects of treatment. 

Employers can play a crucial role in helping their workforce prepare for the worst before receiving a diagnosis through a comprehensive benefits strategy.

Join us for a free webinar on Thursday, October 31 at 11 am ET (8am PT) with Darren Rowe, Chief Innovation Officer at Wamberg Genomics Advisors (WGA). He’ll discuss why it’s important for employers to develop an impactful benefits strategy for early cancer detection and ongoing support.

Thought Of The Week

59% of employees say that health and wellness benefits are important for increasing loyalty to their employer. – MetLife 2018

What are you doing to put wellness programs front and center in 2020?

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